418 Peace Island Dr PUNTA GORDA Punta Gorda, FL 33950

Exceptional investment opportunity awaits with this 44.5-acre private island located in Punta Gorda, Florida (Charlotte County, zip code 33950). Priced at $4,750,000, this unique property boasts significant development potential. The main island encompasses 17.06 acres and has already secured permits from the Army Corps of Engineers and Southwest Florida Water Management District for the construction of 55 multi-family units and 34 boat slips. This comprehensive approval streamlines the development process, minimizing potential delays. Further enhancing the property's value are approximately 4 acres of owned bottomlands, providing ample waterfront access, and 2 acres of offsite parking to accommodate residents and visitors. A 20-acre offsite mitigation parcel is also included, addressing environmental considerations. The island's strategic location, just northeast of I-75 at exit 164, places it near significant developments, including Allegiant Airlines and a new upscale condo/hotel complex with a marina and restaurants across the river. All provided information is believed to be reliable but should be independently verified. This is a rare chance to acquire a fully permitted island development project in a prime Florida location. The APN is 402333426001. The address is 418 Peace Island Dr.